DAVENPORT & Co LLC boosted its position in shares of Alibaba Group Holding Limited (NYSE:BABA - Free Report) by 169.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,608 shares of the specialty retailer's stock after acquiring an additional 28,710 shares during the quarter. DAVENPORT & Co LLC's holdings in Alibaba Group were worth $6,031,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Alibaba Group in the fourth quarter valued at approximately $585,479,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Alibaba Group by 3,214.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,378,671 shares of the specialty retailer's stock worth $578,992,000 after buying an additional 4,246,564 shares in the last quarter. Renaissance Technologies LLC boosted its position in Alibaba Group by 208.5% in the 4th quarter. Renaissance Technologies LLC now owns 2,995,640 shares of the specialty retailer's stock valued at $254,000,000 after buying an additional 2,024,640 shares during the period. Appaloosa LP grew its stake in shares of Alibaba Group by 18.4% in the fourth quarter. Appaloosa LP now owns 11,843,158 shares of the specialty retailer's stock worth $1,004,181,000 after acquiring an additional 1,843,158 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Alibaba Group by 95.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,112,187 shares of the specialty retailer's stock worth $179,087,000 after acquiring an additional 1,030,999 shares during the period. 13.47% of the stock is owned by institutional investors and hedge funds.
Alibaba Group Stock Performance
Shares of BABA traded down $2.04 during mid-day trading on Friday, reaching $108.67. 11,847,157 shares of the company's stock were exchanged, compared to its average volume of 19,972,500. The business's fifty day simple moving average is $119.19 and its 200-day simple moving average is $113.62. The stock has a market capitalization of $259.31 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group Holding Limited has a 52-week low of $72.95 and a 52-week high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.
Alibaba Group Cuts Dividend
The business also recently declared a -- dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 12th will be given a $0.95 dividend. This represents a yield of 0.8%. The ex-dividend date is Thursday, June 12th. Alibaba Group's dividend payout ratio (DPR) is presently 13.83%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on BABA shares. Morgan Stanley set a $180.00 target price on Alibaba Group in a report on Wednesday, May 14th. Arete cut Alibaba Group from a "buy" rating to a "neutral" rating and set a $153.00 price objective for the company. in a research note on Tuesday, June 24th. Citigroup cut their target price on shares of Alibaba Group from $170.00 to $169.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Robert W. Baird decreased their price target on shares of Alibaba Group from $147.00 to $142.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Arete Research lowered Alibaba Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 24th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.13.
Check Out Our Latest Stock Analysis on BABA
Alibaba Group Company Profile
(
Free Report)
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.
Further Reading
Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
